Analyzing the Appraisal Process

Instructor-Guided Online Course

July 24 – August 28, 2013

AllRegs Academy's Analyzing the Appraisal Process is designed to help you build your skills and knowledge as it relates to appraisal review. During this instructor-led virtual classroom course, you will have the opportunity to participate in a variety of activities to enhance your understanding of the appraisal review process. From appraisal requirements set by USPAP, that effect the responsibility of the appraiser, to underwriting guidelines set by Fannie Mae, Freddie Mac, FHA and VA, that will affect your underwriting decisions. This course will educate you on where to find information resources that can be used during your review processes and make you more self-sufficient in your role as an appraisal reviewer. You will also analyze a variety of appraisals and determine property eligibility.

Space is limited, so register today!

Class Schedule

• Kick Off Meeting: Wednesday, July 24, 2013 at 2:00 pm ET: attendance required
• Week One: July 24 – July 30: self-directed study
• Week Two: July 31 - August 6: self-directed study
• Week Three: August 6 – August 13: self-directed study
• Week Four: August 14 – August 20: self-directed study
• Week Five: August 21 – August 27: self-directed study
• Course Wrap-up Meeting: Wednesday, August 28, 2013 at 2:00 pm ET: attendance required

Course Benefits

Upon returning to the office, students will be able to:

• Review the URAR appraisal report
• Evaluate multiple types of appraisals
• Analyze the Fannie Mae Market Conditions Addendum 1004MC
• Define the requirements for manufactured, condominiums, mixed-use properties and construction to permanent appraisals
• Utilize and successfully navigate multiple website resources

Learning Goals and Objectives

Upon completion of the course, students will be able to:

• Analyze the Uniform Residential Appraisal Report
• Evaluate appraisals in a declining market
• Analyze the Fannie Mae Market Conditions Addendum 1004MC
• Differentiate appraisal requirements for Conventional, FHA and VA loan types
• Analyze manufactured home, condos and 2 – 4 unit appraisal reports
• Recognize lenders and appraisers responsibility regarding appraisals

Who Should Attend

Analyzing the Appraisal Process is designed for participants in the lending process who are involved in the overseeing and reviewing of appraisal reports. This would include anyone who wants to better understand the appraisal process when making loan decisions.

• Mortgage Brokers
• Loan Officers
• Processors
• Underwriters
• Quality Control Staff
• In-house Appraisers

Course Topics

Each week you will focus on difference topics and objectives:

Week One

• Introduce facilitator and instructor(s)
• Ice Breaker - panel discussion
• Panel discussion on today’s challenges and recent or upcoming changes

Week Two

• List conventional appraisal requirement
• Analyze information contained in the Uniform Residential Appraisal Report

Week Three

• Describe appraisal requirements specific to HUD
• Accurately review an FHA appraisal
• Create FHA Appraisal checklist job aid

Week Four

• Order a VA appraisal using WebLGY
• Describe appraisal requirements specific to VA
• Analyze a VA appraisal

Week Five

• Recognize the unique features of a manufactured home
• Accurately review manufactured home and condominium appraisals
• Identify and use the systems used to determine project approval
• Accurately review 2-4 unit properties
• Recognize and explain requirements for Construction to Perm appraisals

Course Wrap-Up Debrief

• WebEx debrief and course closing
• Debrief Week Five Module
• Review highlights of course
• Review lender and appraiser responsibilities
• Answer any final questions
• Requirements for completion of course
• Course Evaluation
• Certificate of Completion

Download the Course Syllabus (PDF).

Course Delivery and Format

AllRegs Academy’s Multi Session Virtual Classroom Courses offer you the opportunity to learn from industry-recognized instructors from the comfort of your home or office. Timely, convenient and informative, these mortgage training courses offer topical subjects from loan origination to underwriting to appraisal review processes. Through instructor, peer and content interaction, students will learn skills and knowledge that can be immediately applied at the office. These courses run from 4 – 8 weeks in duration.

Throughout the course, you will have assignments, reading activities, and chat meetings. You will respond to assignments and chats and interact with instructors and peers in the discussion forums. The format provides you with flexibility to complete assignments on your own during the week, but within the respective due dates set by the instructor. Each weekly module will include assignments that will take anywhere from 2 – 4 hours to complete. Each weekly module will open on Wednesday at 9:00 a.m. ET and close on the following Tuesday at 6:00 p.m. ET.

If you miss one module, you will be allowed to complete the assignment within a specified timeframe. If you miss an additional week, you will not be able to complete the course and will be required to register for a future offering.

Tuition & Registration

The course is $465 per person. Tuition includes all course materials. Upon successfully completing the course, students will earn an industry-recognized certificate of completion.

Additional Resources

Cancellation/Refund Policy (PDF)

For more information, call our sales and customer service department at (800) 848-4904 or email sales@allregs.com.